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PARIS (Reuters) – French finance minister Sunday announced a severance pay for former ex-Renault
Renault, which this week named a president and chief executive officer to replace Ghosn, has not yet finalized the dismissal plan for its former boss, a potentially explosive issue in France where the government is confronted with protests against low wages and inequalities.
"Nobody would understand if Carlos Ghosn's severance pay was exorbitant," said Bruno Le Maire on France Inter radio.
"We will be extremely vigilant."
The French State is Renault's largest shareholder, with a stake of around 15%, and holds two seats.
Ghosn resigned from his position at Renault last week under pressure from the French government after his arrest in Japan in November and his indictment for financial misconduct. He denies any wrongdoing.
The scandal has strained Renault's alliance with the Japanese Nissan, an industrial partnership that Ghosn has built over the past two decades within a global automotive industry giant.
The French CGT union has estimated that Mr Ghosn 's severance payments amounted to 25-28 million euros (28 to 32 million dollars), in addition to an annual pension of 800 000 euros.
The Mayor refused to say what he thought was an acceptable gain for Ghosn, but said the government had already managed to cut Ghosn's pay for 2018 by 30 percent by 30 percent from its total of 2017.
The finance minister also announced that he would propose in the coming months legislation requiring heads of large companies based in France to make this country their tax domicile.
The changes would particularly target large companies registered in the CAC-40 <.fchi> and SBF-120 <.sbf120> The Paris stock indexes, as well as groups in which the state holds a stake, said The Mayor.
The legislation would include penalties for business leaders breaking the rule, he added.
(Report by Gus Trompiz, Danielle Rouquie and Bertrand Boucey, edited by Mark Potter)
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